In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800.Manufacturing overhead totaled $35,200 for the month.Information on inventories was as follows:

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If Noel &Vang Company sold 10,300 units during July and its gross margin totaled $32,780, what was the sales price per unit? (Note: Round answer to two decimal places.)

A) $9.94
B) $10.68
C) $10.09
D) $10.11

Question

In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800.Manufacturing overhead totaled $35,200 for the month.Information on inventories was as follows:

- 
If Noel &Vang Company sold 10,300 units during July and its gross margin totaled $32,780, what was the sales price per unit? (Note: Round answer to two decimal places.)
 
A) $9.94 
B) $10.68 
C) $10.09 
D) $10.11

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
 
 11ea8a4c_4919_3ebc_a0e6_7749abe54d05_TB5550_00 
 11ea8a4c_4919_3ebd_a0e6_1f39b15e46bb_TB5550_00  
 11ea8a4c_4919_3ebe_a0e6_71edc8404849_TB5550_00  
 11ea8a4c_4919_65cf_a0e6_8707169bbd3b_TB5550_00 11ea8a4c_4919_65d0_a0e6_d50e2f3750e1_TB5550_00

In July, Noel & Vang Company Purchased Materials Costing $23,100